Category: Technial Analysis
Daily Technical Trade Setups For FTSE100, Crude Oil & Meta To access today’s actionable analysis, click here! Source: Tickmill
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2415 is expected, followed by a decline to 1.2235. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decrease target could be 1.0695. However, the price might correct to 1.0770 and continue the downtrend after testing the resistance. USDJPY, “US Dollar […]
Bailey Admits Mistakes Bank of England governor Andrew Bailey has come under fire over comments made during a speech yesterday where he admitted that the BOE had made mistakes over its response to rising inflation. The BOE was widely criticised for not acting early or aggressive enough with its monetary tightening. In comments yesterday, Bailey […]
TitleAUDUSD H4 | Bounce off 1st support TypeBullish Bounce Preference: Price is falling to our pivot point of 0.65787 which is a swing low support level. A bounce from here. price could rally to 1st resistance at 0.66063 which is a pullback resistance level Alternative scenario:However, of price breaks below the pivot, it could fall […]
The British pound looks neutral against the US dollar. The current GBPUSD quote is 1.2450. This morning’s statistics from the UK provided food for thought. Inflation fell to single digits for the first time in eight months. At the same time, the indices for services and base prices have risen at the fastest rate in […]
RBNZ Hiking Finished The New Zealand Dollar is falling sharply today on the back of the latest RBNZ meeting overnight. Despite the central bank hiking rates by a further .25%, the sell-off emerged as governor Orr signalled no further hikes were likely near-term. Notably, some policy makers had been in favour of holding rates unchanged […]
The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped from 6.2% to 6.8% in April. It was expected that the pace of price growth would remain unchanged. In just one month, the price level […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, USDCAD has formed a Doji reversal pattern. Currently, the instrument could go by the reversal pattern in an ascending wave. The correction target might be 1.3555. Next, the price could rebound from this level and continue the downtrend. However, the quotes might drop to 1.3430 without testing […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are in the overbought area. The RSI has formed a divergence on its chart. In this situation, a downward breakout of +1/8 (138.28) is expected, followed by a decline to the support level of 7/8 (132.71). The scenario can be cancelled by breaking the resistance […]